AGL 37.89 Decreased By ▼ -0.26 (-0.68%)
AIRLINK 124.10 Increased By ▲ 2.59 (2.13%)
BOP 5.67 Decreased By ▼ -0.18 (-3.08%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DCL 8.55 Increased By ▲ 0.15 (1.79%)
DFML 40.48 Decreased By ▼ -0.41 (-1%)
DGKC 87.10 Increased By ▲ 2.50 (2.96%)
FCCL 33.98 Increased By ▲ 1.28 (3.91%)
FFBL 66.01 Increased By ▲ 0.51 (0.78%)
FFL 10.20 Increased By ▲ 0.15 (1.49%)
HUBC 104.45 Increased By ▲ 0.65 (0.63%)
HUMNL 13.45 Increased By ▲ 0.20 (1.51%)
KEL 4.78 Increased By ▲ 0.35 (7.9%)
KOSM 6.84 Decreased By ▼ -0.25 (-3.53%)
MLCF 38.84 Increased By ▲ 1.34 (3.57%)
NBP 60.35 Increased By ▲ 0.10 (0.17%)
OGDC 179.65 Increased By ▲ 7.40 (4.3%)
PAEL 24.97 Increased By ▲ 0.17 (0.69%)
PIBTL 5.71 Increased By ▲ 0.01 (0.18%)
PPL 153.00 Increased By ▲ 11.31 (7.98%)
PRL 22.79 Increased By ▲ 0.07 (0.31%)
PTC 14.91 Increased By ▲ 0.17 (1.15%)
SEARL 66.85 Increased By ▲ 2.29 (3.55%)
TELE 7.01 Decreased By ▼ -0.13 (-1.82%)
TOMCL 35.70 Increased By ▲ 0.20 (0.56%)
TPLP 7.32 Increased By ▲ 0.03 (0.41%)
TREET 13.99 Decreased By ▼ -0.21 (-1.48%)
TRG 50.95 Decreased By ▼ -0.80 (-1.55%)
UNITY 26.40 Decreased By ▼ -0.20 (-0.75%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 9,717 Increased By 233.5 (2.46%)
BR30 29,237 Increased By 866.2 (3.05%)
KSE100 90,860 Increased By 1893.1 (2.13%)
KSE30 28,458 Increased By 630.4 (2.27%)

SL_Industries_Commerce_Minister_Rishad_BathiudeenISLAMABAD: Minister for Industries and Commerce of Sri Lanka, Rishad Bathiudeen, on Wednesday said his country aims to boost economic, trade and commercial ties with a genuine friend like Pakistan.

He said that Sri Lanka is Pakistan’s biggest trading partner in SAARC outside India and we share common perceptions on many regional and global issues.

Speaking to business community at the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) office here, Bathiudeen said that the current bilateral trade volume stands at $338 million which can be increased with the help of the private sector.

He said that the balance of trade has always been in favour of Pakistan, which is contributing toward the economic development of a brotherly country.

Sri Lankan High Commissioner to Pakistan, Jayalath Weerakkody, Raza Khan, Chairman Coordination, FPCCI, Hameed Akhtar Chadda, VP, ICCI, Tauseef Zaman, Shahid ur Rehman, government officials as well as businessmen of both countries were also present on the occasion.

The minister said both governments have agreed to provide enhanced opportunities to the private sector to interact to benefit from untapped potential. Plans to cement links and other steps to further encourage Pakistani investors are on the cards, he added.

The Sri Lankan commerce minister invited Pakistani investors to his country saying that strong post-war growth potential is an opportunity for everyone.

Pakistanis can get trade concession in all the countries and groupings of which Sri Lanka is a signatory, he informed. He said we urgently need fifty thousand head of cattle from Pakistan.

On the occasion, Raza Khan said that 8.1 percent growth, per capita GDP hike to $2400 and economic freedom standing at 57.1proves that investors have trust in policies of Sri Lankan government. He said that decision to allow 100 per cent owner ship to foreign investors without needing a local partner will attract heavy investments in geo-strategic placed country.

Raza Khan said that the visit of Rishad Bathiudeen will prove a significant milestone in the history of both countries and will go a long way in fastening the ties.

He thanked the minister for inviting FPCCI delegation and assured participation in international exhibition and business forum Expo 2012, scheduled March 2012.

 

Copyright PPI (Pakistan Press International), 2011

 

Comments

Comments are closed.